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    1820 W Mulberry Drive

    Phoenix, AZ 85015
    • $2,100,000
    • STATUS: Active
    • ON SITE: 181 days
    • MLS #: 6059233
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    Mulberry Apartments is a beautiful mid-century, renovated property well located in central Phoenix. Residents love its close proximity to Central Avenue in the Encanto district of Phoenix. Current ownership has completed a complete interior upgrade program several years ago and the community is positioned for a new investor to expand on this upgrade program. Current rents are below market and upside in charging for utility reimbursements!16 x 1 Bedroom/1 Bath units each 640 sf in size featuring new modern kitchen cabinets, stainless steel appliances, quartz counter-tops, under-mounted sinks, new bathroom vanities with quartz counter-tops and stack-able washers and dryers in every unit.**SEE OFFERING MEMORANDUM IN DOCUMENTS TAB**

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-29T00:12:38.677.
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    1820 W Mulberry Drive Phoenix, AZ 85015

    • Price: $2,100,000
    • Status: Active
    • MLS #: 6059233
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1968
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Encanto School
    High School:
    Central High School
    School District:
    008 - Osborn Elementary District
    Property Description
    Mulberry Apartments is a beautiful mid-century, renovated property well located in central Phoenix. Residents love its close proximity to Central Avenue in the Encanto district of Phoenix. Current ownership has completed a complete interior upgrade program several years ago and the community is positioned for a new investor to expand on this upgrade program. Current rents are below market and upside in charging for utility reimbursements!16 x 1 Bedroom/1 Bath units each 640 sf in size featuring new modern kitchen cabinets, stainless steel appliances, quartz counter-tops, under-mounted sinks, new bathroom vanities with quartz counter-tops and stack-able washers and dryers in every unit.**SEE OFFERING MEMORANDUM IN DOCUMENTS TAB**
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 16.00 Exterior Amenities Green LandscapingPartially FencedPatio/Balcony Lot Size Dimensions Irr Parking 1 Space/Unit Roads Asphalt Roofing Built-Up

    Interior Features

    1 Bedroom Unit Avg Sq Ft 640 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeRefrigeratorWasher/Dryer Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Heat Pump Interior Amenities UnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 862.00 1 Bedroom Units 16 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 196270.00 Annual Elec Exp 20909.00 Annual Gas Exp 2314.00 Annual Ins Exp 4576.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 4696.00 Annual Maint Exp 12800.00 Annual Mgmt Exp 7899.00 Annual Other Expense 545.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 4000.00 Annual Trash Exp 2990.00 Annual Wtr Swr Exp 4365.00 Community Amenities No Pool Cross Street 19th Ave & Osborn Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 182400.00 Hoa YN No Net Operating Income 119205.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 74576.00 Other Income 24200.00 Owner Pays GasSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 9482.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning R-4

    Listing courtesy of Keller Williams Arizona Realty.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-29T00:12:38.677.
     
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    Scottsdale AZ, 85260